How much does it cost to rent in Covington, WA?

As of July 2026, the median monthly rent in Covington, WA is $2,367. This figure is based on aggregated data from public sources and community-submitted rents.

Is Covington cheaper than other Washington cities?

Covington is one of the pricier cities in Washington, ranking #30 out of 110 cities tracked at $2,367/mo.

When was Covington rent data last updated?

Covington rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · WA

Covington

Name: Average Rent Prices in Covington, WA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 21,233·30th most expensive in Washington·Covington rents are up 5.1% over the past year

Median rent (all units)

$2,367/mo

Year-over-Year

+5.1%

Month-over-Month

+1.5%

vs US Median

+$402

Rising (Monthly)

Be the first to discuss Covington rents ↓

Most AffordableMost Expensive

Covington · $2,367

More expensive than 75% of US cities · National median $1,965/mo

Rent Reality Score

60/100

Good value

OverheatedFairGreat value

Rents are 5% below what Covington's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,367/mo

Expected by trend

$2,493/mo

The Rent Reality Score compares today's median rent to where Covington's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,310

1 BR

$2,370

2 BR

$2,760

3 BR

$3,640

4 BR+

$4,240

Research median

$2,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$28,404/yr

At $2,367/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.1% YoY, +1.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Covington, WA is majority owner-occupied, has a median income above the national average, 37.3% of residents hold a bachelor's degree or higher.

Population

21,233

Median income

$134,502

Median age

36.4

Renters

21.1%

Age distribution

23.6%

24.7%

28%

12.1%

Under 1823.6%

18–3424.7%

35–5428%

55–6411.6%

65+12.1%

Gender

50.9%

49.1%

Male50.9%

Female49.1%

Race & ethnicity

61.2%

White61.2%

Black8.1%

Hispanic11.2%

Asian11.2%

Other8.4%

Education (25+)

21.1%

36.4%

37.3%

No HS diploma5.2%

HS diploma21.1%

Some college36.4%

Bachelor's+37.3%

Housing tenure

78.9%

21.1%

Owner78.9%

Renter21.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Covington, WA has changed in 5 years

Rent

$1,698 → $2,367

up 39.4%

Income

$114,247 → $134,502

up 17.7%

Population

20,608 → 21,233

up 3.0%

Renter share

19.5% → 21.1%

+1.6 pts

Bachelor's+

31.8% → 37.3%

+5.5 pts

Median age

40 → 36.4

-3.6 yrs

Rent in Covington, WA has climbed 39.4% since 2021, going from about $1,698 per month to roughly $2,367 today. Local incomes tracked alongside that move, going from a median of $114,247 in 2021 to $134,502 more recently. Rent outpaced income growth by roughly 21.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 20,608 to 21,233 between 2021 and 2024, a 3.0% change. About 21.1% of households rent today, against 19.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.8% to 37.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Covington, WA market of 2021.

Community

Discussions about Covington

No discussions yet. Start the conversation.

View Covington rent history (2015–2026) →

Salary vs rent

Can you afford rent in Covington on your salary?

At $2,367/mo, how Covington rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 26.8% income

affordable

Elementary School Teacher

Avg $75,130/yr · Rent = 37.8% income

stretched

Police Officer

Avg $86,542/yr · Rent = 32.8% income

stretched

Software Developer

Avg $154,683/yr · Rent = 18.4% income

very comfortable

Lawyer

Avg $197,646/yr · Rent = 14.4% income

very comfortable

Firefighter

Avg $70,347/yr · Rent = 40.4% income

rent-burdened

Truck Driver

Avg $63,515/yr · Rent = 44.7% income

rent-burdened

Electrician

Avg $78,288/yr · Rent = 36.3% income

stretched

By apartment size

Covington rent by bedroom count

Median rent for each apartment size in Covington. Click any size for full breakdown.

Local insights

Tips for renters in Covington

About renting in Covington, WA

Last updated: July 20, 2026

The median rent in Covington is $2,367/mo as of July 2026. A studio apartment averages $2,310/mo while a 2-bedroom runs $2,760/mo. One-bedroom apartments average $2,370/mo and 3-bedroom units go for $3,640/mo.

At 21% of local median household income ($134,502/yr), Covington ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

Is Covington an affordable city for renters?

Covington is considered very affordable for renters. At $2,367/mo, rent takes approximately 21% of the local median household income ($134,502/yr). The standard benchmark is 30%. Covington falls comfortably within that range.

How much income do you need to rent in Covington?

To keep rent at or below 30% of gross income, you would need to earn at least $95,000/year (~$46/hour full-time) to afford the median rent of $2,367/mo in Covington. The local median household income is $134,502/yr, meaning the typical Covington household meets that threshold.

Is rent going up or down in Covington?

Rent in Covington has increased 5.1% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Covington rent compare to other cities in Washington?

Covington is one of the pricier cities in Washington for rent, ranking #30 out of 110 tracked cities at $2,367/mo.

Which nearby cities are cheaper to rent in than Covington?

Several nearby cities have lower median rents than Covington ($2,367/mo): Auburn ($1,953/mo), Kent ($1,978/mo), Tukwila ($1,983/mo).

What percentage of Covington residents rent vs. own?

According to Census data, approximately 21.1% of Covington households are renters, while 78.9% are owner-occupied. Covington leans toward homeownership, which can mean a smaller rental inventory.

How does Covington rent compare to the national average?

Covington's median rent of $2,367/mo is $402 (20%) above the US national median of $1,965/mo. Within Washington, it ranks #30 out of 110 tracked cities.

Income Affordability

21%

VERY AFFORDABLE

At $2,367/mo, rent takes ~21% of Covington's median household income ($134,502/yr). The standard benchmark is 30%.

Covington 21%Benchmark 30%

State income taxNone

Run the Covington affordability calculator →

Nearby cities